Denso (OTCMKTS:DNZOY) Trading 4.2% Higher – Still a Buy?

Denso Corp. (OTCMKTS:DNZOY)’s stock price was up 4.2% during mid-day trading on Thursday . The company traded as high as $12.67 and last traded at $12.67. 496 shares changed hands during trading, a decline of 100% from the average session volume of 167,182 shares. The stock had previously closed at $12.1590.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DNZOY. Citigroup lowered Denso from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 13th. Zacks Research cut shares of Denso from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

Denso Stock Down 0.5%

The company has a market cap of $35.25 billion, a price-to-earnings ratio of 11.76 and a beta of 0.94. The stock has a 50-day simple moving average of $12.16 and a 200-day simple moving average of $12.16. The company has a current ratio of 2.12, a quick ratio of 1.44 and a debt-to-equity ratio of 0.19.

Denso (OTCMKTS:DNZOY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.04). Denso had a net margin of 5.59% and a return on equity of 7.85%. The business had revenue of $12.01 billion for the quarter, compared to analyst estimates of $11.42 billion. As a group, analysts predict that Denso Corp. will post 0.89 EPS for the current year.

About Denso

DENSO Corporation (OTCMKTS:DNZOY) is a Japan-based global automotive supplier that develops and manufactures components and systems for vehicle manufacturers. Its product portfolio includes thermal-management systems, air-conditioning and heating equipment, engine and powertrain components, fuel-injection systems, electrical and electronic components, and windshield wipers.

The company also provides technologies supporting vehicle electrification, advanced driver-assistance systems, automated driving, connected vehicles, and vehicle safety.